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be linked to events marking the first anniversary of kim jong-il's death on december 17th. >>> in japan, government leaders have ordered self-defense forces to be prepared to shoot down any debris from the rocket. the defense minister passed on that order to sdf commanders. >> translator: the day of the rocket launch, we ordered the sdf to intercept any debris from a north korean rocket. we're preparing in accordance with that order. >> it will fly southwest of okinawa's island. they're deploying surface to air missiles throughout the region. prime minister yoshihiko noda held a national security meeting with his ministers. he approved the order for the sdf to mobilize their missile defense systems and shoot down any debris. this will be the third such order issued by the government. the last time was in april, when north korean officials launched another rocket. it blew up less than two minutes after liftoff. >>> authorities in japan have given the all-clear to people living along the north eastern coast. they lifted a tsunami warning and advisory issued after a strong earthquake shook
be linked to events marking the first anniversary of kim jong-il's death on december 17th. in japan, government leaders have ordered self-defense forces to be prepared to shoot down any debris from the rocket. the defense minister passed on that order to sdf commanders. >> translator: for the day of the rocket launch, we ordered the sdf to intercept any missile debris from a north korean rocket. we are preparing in accordance our defenses in accordance with that order. >> officials believe it will fly southwest okinawa's main island. they're deploying surface to air missiles throughout the region. prime minister yoshihiko noda held a national security meeting with his ministers. he approved the order for the sdf to mobilize their missile defense systems and shoot down any debris. this will be the third such order issued by the government. the last time was in april, when north korean officials launched another rocket. it blew up less than two minutes after liftoff. >>> authorities in japan have given the all-clear to people living along the northeastern coast. they lifted a tsunami
kurdish town is still trying to identify the scores of people who died. to japan now, where the authorities are trying to figure out how tunnel collapsed on sunday, killing at least nine people. huge concrete slabs in the tunnel smashed on to cars. that started a fire on the main route from tokyo to central japan. we report now on that story. >> only this morning, the mangled wreckage of three vehicles was brought -- early this morning, the mangled wreckage of three vehicles was brought from the tunnel. last came a small delivery truck. the driver had been trapped, but alive. by the time rescuers got to him, he was dead. the collapsed tunnel lies deep in the mountains of central japan, just to the north of mount fuji. it is part of the expressway that links tokyo to central and western japan. the tunnel itself is nearly 5 kilometers or 3 miles long. engineers are trying to work out what went wrong. what caused the huge concrete ceiling segments to suddenly give away and crashed to the road below 0-- and crash to the road below? and why had the tunnel past the city in best --
totalitarian culture in japan where a fascination await anyone who questioned the destiny of japan to all of asia, the remaining democracies in europe lacked the will to stop even the weakest of aggressors. when mussolini successfully crushed ethiopia, and none of the league of nations states oppose them, that's higher -- it was already dead. this of course was long before hitler invaded poland. a world war ii let me only but they say that what saved the world in our view was that the progressive liberal, new deal government of franklin d. roosevelt, most likely out of sheer desperation unleashed a productive power of free market capitalism to bury the acid towers in a tsunami of tanks, planes, and ships. anyone who's read my my books knows the statistics of pink slime just not far from where i teach, a tank was built from scratch in four and a half hours. henry kaiser's shipyard churned out a liberty ship in a record four and a half days. that's faster than most of my students can write one of their semester papers. this undergirded american military strategy of using weapons and technol
in tokyo, as well, to assess what options the bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering. the hsbc pmi, a private gauge of manufacturing, and the government's official pmi, both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is about the the unevenness of the recovery. the sub indices for employment as well as small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment in state-owned enterprises. a bigger worry is about the outlook for
court could pile up position on prop 8 this morning. also an earthquake hits japan this morning we will have more coming out. >> the live look outside in san jose, still looking pretty but dark out there. in dealing with cloudy conditions as well as past patchy dense fog and the north bay. we're expecting plenty of sunshine in the afternoon, a bit warmer than yesterday. mostly clear and cool conditions into the evening. the full forecast is coming up in just a bit but for now over to erika >> the content as back up to the bay bridge plaza continues. to my knowledge the meeting lights are not active and we do not have any problems around the bay area. the east a phrase look good and no problems in the south bay no accidents along the peninsula and: easy drive time. 23 minutes out of the bottle into the city. >> overnight we had a strong earthquake in the northeastern part of japan. it was a 7.3 earthquake and the same area where we had a 9.0 earthquake years ago that killed 2000 people with the following tsunami. this earthquake took place around 518 local time around midnight in sa
a look outside from our mount tam cam. >> will begin this morning with news out of japan were strong earthquake jolted the northeastern part of the country. a 7.3 magnitude earthquake struck in the pacific ocean around 5:18 p.m. local time. that is around midnight here in san francisco. the u. s g s says the are quick stroke about 200 mi. off the coast of japan. the epicenter was about 6 mi. beneath the seabed. buildings in tokyo's way for several minutes. there were reports of at least two people injured. >> pish japan's real logical at sea has with it is not rewarded for the country's northeastern coast. according to the sun on the information center. a destructive pacific wise and non is not expected. the quick off the coast of north is in japan is the same region but was hit by the masses are quick as a nominee in march to about 11. >> for the after known mostly sunny conditions slightly warmer highs in yesterday's. partly cloudy and cool into the evening hours. taking a look at current visibility down about 1/2 mile in santa rosa. over the course of a mile in napa. >> taking a l
commodity. it could be exchanged for silk in india and the silk exchanged for swords in japan, and those swords would be sold back in england and the whole thing would start again. so the ex-peasant who is now running the show on a small plot of land handed over to him by the landlord would be an entrepreneur. effectively, he borrowed money from the landlord in order to pay for things, and pitiful -- pay for three things. rent of the land, wages in the form of corn, to the ex-peasants who are now wandering in the countryside knocking on doors because they don't have direct access to land. and some machinery, shears for clipping wool. so land, labor, and capital, could be purchased in advance of production, on the basis that the entrepreneur, ex-peasant has to the landlord. so debt comes first, then comes distribution of income in the form of a labor contract. it will work for so many hours and i will give you so much corn. then comes production. it was a combination of this reversal of the order from having production followed by a distribution, followed by debt, to having debt first, t
more competitive. meanwhile, the bank of japan was debating measures to -- joining us now, allen capper is with us around this table. when we talk about the yen, how important is this weakness? and do you expect this trade to be for 2013? >> i think this is probably the single most important thing the europeans ought to be watching. it's clear that the change in japanese policy, if by the time we get to q4 next year, you will see stronger japanese numbers, there would be a stronger temptation to carry out much more massive qe and fiscal stimulus. it's too early to say, but i think we need to watch japan carefully. >> currency wars is what ur use saying. >> absolutely. and i like his idea about fiscal stimulus through official use of the funds. it's a very interesting strategy. >> ur r it seems to me the next level of this is you have to bloef the government can achieve this. how are they going to be able to shake off inflation? >> the key look is to acknowledge that inflation is not the problem. when you talk to investors good qe, they're concerned about the inflationary impact. my mind
francisco. the usgs says the earthquake struck about 200 mi. off the coast of japan. the epicenter was about 6 mi. beneath the seabed. >> and here is video from youtube when the earthquake hit in japan. buildings and tokyo swayed for several minutes. a 6.2 aftershock struck after the close after the initial quake. >> a men is in critical condition this morning after he fell from the upper deck of oakland coliseum at last night's raiders game. kron 4 urs will tran joins us live from the coliseum. we'll? >> this rail is pretty much typical or around the coliseum and it goes as high as your chest level. there is nothing that could a prevented him from falling more. there stating that he possibly jumps. unless they talk to him and hopefully pulls through this as well as the witnesses. they're going with the fact that he just felt. they're looking at the fact that maybe at all was in his system when this happened. they're conducting blood test to see if this played a role. the raiders stated that they are leaving this up to investigators. they stated that the oakland police department and the she
hurt native species so that boat will be taken to the base yard and japan will be contacted to try if find in the owner wants it. >>> the chilling message from a man who shot and killed two firefighters. >>> and the find in the ashes of his burned out home. >>> and did he break the law on air? the journeyist under investigation. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr included free for life. only $29 a month for six months. rethink possible. snoot dow is up but the nasdaq and s and p are down even though we have the report that showed the home price index better than expected. this fiscal cliff is still making traders nervous. >>> this may turn out to be a disappointing season for retailers. any new report shows retail sales are up just 7 tenths of one
-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, though, as far as we know. we don't know what sort of impacting -- >> i waste a vin't a victim, bu sure a lot
, but only if we carry use it tracy: i remember when i was a kid they said japan was buying of rockefeller center. japan's by to take over the world. that never happened. >> no, but japan was our ally. we could deal with thejapanese on a reasonable basis. the problem with china is that it sees itself as supplanting the united states. has been very hostile and aggressive in recent years. it's trying to push the u.s. out of asia. they are not our friend, and so we don't want to give them a foothold in our economy. trac that being said, how do we stop this? do we not allow these deals to happen? in the u.s. is basically putting a defense. >> the chinese put up a fence. we couldn't buy if it were a chinese enterprise. we can stop this because the committee on foreign investment in the u.s. has the final say on sensitive acquisitions. and so they cann stop the acquisition. tracy: that probably should have >> they should. tracy: thank you fobeing here. the coming collapse of china. it is coming. >> it is. tracy: we want to know wha you think about all this. here is our question tonight. is the u
-bay as japan's new prime minister. >> the rise of his interior at the helm for the left- leaning democratic party of japan and brings back the conservative party. >> he was prime minister in 2006 and 2007. >> and he is expected to name his cabinet later today. >> china has opened the world's largest high-speed rail line. >> it runs nearly 1,500 mi. from the country's capital and the north to guan gzhou, in southern china. >> the lot officially opened early this morning. >> trains on this high speed line will initially run at hundred 86 mi. per hour with a total travel time about eight hours. >> before, the fastest time in two cities by train was more than 20 hours. >> the chinese government plans to build a grid of high-speed railways with forties' was lied to for north-south lines by 2020. >> a veterinarian in the uc davis has some good news about a dog from the philippines became an international hero after sacrificing it's not to say to young girls. >> the dog named kabang appears to have beaten the cancer it was suffering from. kabang ended up in davis' earlier this year after a nurse
. japan's new prime minister making a stunning comeback. >>> as the sound of gunfire rings out in syrian neighborhoods, the country's military police chief has reported defected to the other side. ng. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> in syria the military police chief has defected from president assad's government. this video shows a man identified as the official. i want you to take a listen. >> tra
of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks and short the yen because what's different this time around, now there is an actual target, 90 is the target. we know where it is going to go. if they are able to weaken the yen to that point, it is a core roll lary stocks will go higher, exactly what happened with the united states, ben bernanke ease he can the monetary policy and the 14% gain in the stock market this year. >> seen the yen basically strangling japanese exports for so long. >> exactly. >> so you know, obviously i the
in japan taking to the slopes this holiday season. you can see them here, skiing down the slope. they also handed out candy and took some kids for their own ride down the mountain on sleds. >> 4:52. we will be back, this live look outside at the golden gate bridge. traffic it is easy and light. many people on vacation. and a reminder to catch doctor phil right after the kron four morning news at 10 a-m. >> rihanna shows us what the season of giving is all about. plus, is ben affleck considering a move from elizabeth corridan has today's hollywood minute. >> she has donated or $1 million to the hospital in barbados. in honor of her grandmother. and also, ben f. le is thinking about the political agenda. >> i do not want to speculate about my political future. >> he was testifying about the ongoing crisis in the democratic republic. the topic, scored box office gold with the $36.7 million. tom cruise's new film also, those were $15.5 million in the first weekend. and also, the " this is 40 ". grossing $12 million. >> still ahead on the kron four morning news. the niners take on the night. lo
into orbit. leaders in wash washing, japan and south korea are calling for immediate consequences. even china is criticizing north korea's move. the three-stage ballistic missile was carrying a satellite which u.s. officials say is now tumbling out of control as it orbits around the earth. its purpose remains unclear. but officials say the rocket is similar in design to one that could potentially reach the united states, richard. >> forget about the satellite. this is essentially a long-range missile test. it's a question of when and not if north korea gets the capacity, among other things, to target the west coast of the united states. now, they still haven't figured out how to miniaturize their nuclear weapons and put them on top of that missile, but that day will come. so one thing we have is north korea continuing to be a bowl in a china shop. and all this talk of sanctions and consequences are just that. it's so much talk. china is either unable or unwilling to rein them in. meantime, you have china flying aircraft over disputed islands of japan. japan in response scrambling fighter jets
exclusive you can't buy them at starbucks. instead you have to go to the luxury website guilt.com. >>> japan's national airline is featuring an american fast food on some of the winter flights. japan will offer meals from kfc on several international itineraries. the so-called air kentucky meals will be served on flights. it features one drumstick one boneless chicken breast, coleslaw, and flat bread. >>> what we now know about the kidnapping and sexual assault of an autistic teenage girl in oakland. details about the man arrested and why he could get life in prison. >>> here's a look at 101. this is at lucky drive. you can see that traffic moving nicely. wet conditions out there to talk about coming up. >>> welcome back to the ktvu channel 2 morning news. dow jones up 42 points right now as expected. futures indicated higher opening across the board. getting closer to that 13,000 level. >>> time now 6:55. new video to show you what a deadly typhoon did. many villages are flooded. people are wading through several feet of water. at least 300 people are known to be dead but more expected. man
.s. food, shipping to japan, taiwan and we have to increase the made in u.s.a. symbol. >> so too good gourmet, a little sugar, spice, flour and a boss that works the way some of us eat cookies. >> she never stops. >> sorry. >> can't help yourself. >> i can't. >> and cookies keep coming. wayne freedman, "abc 7 news." >>> i bet you are hungry now. south korea has elected first female leader in more than a thousand years. we'll hear from a bay area man. and president obama promising swift action in the aftermath of the connecticut school tragedy. a solution that involves more than just gun control. >> tis the season to write letters to santa and the president. you may be >> larry: good evening, president obama says words need to lead to action. he is putting gun control on the top of his agenda. the story from mark matthews. >> reporter: the president started by saying this task force will produce change. >> this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and pushed aside. >> reporter: the president wants congress
the top spot to gm in 2011 when toyota sales and production were hit by japan's earthquake and tsunami. >> we are getting a look at this morning at starbucks come the other campaign. it's the coffee shops public stance on avoiding the fiscal cliff. the starbucks ceo as its workers at 120 d.c. area stores to write come together on coffee cups they serve today and tomorrow. he says it's a way to " send our elected officials in respectful but the message, urging them to come together to find common ground " on prices might still be recovering but the price of rentals has skyrocketed and many u.s. cities especially oakland and san francisco. san francisco that the no. 10 spot well open comes in at no. 2. according to the cnn report opens all rents surged partly fuelled by renters priced out of san francisco which is still booming with tech talent. the year over a rise the year over year rise in oakland was 11.6% in sampras's go it is a 5.8%. the number one spot goes to houston at 16.8%. we will be right back. óó >> we're watching the weather across the country because a lot of people are
to play in japan next season. >> a spokesperson for charges to be bush said the former president remains hospitalized as his favor elevates. he was initially being treated for a bronchitis-like cough. he has been put on a liquid diet. doctors are still try to figure out the cause of the fever. he is 88. the oldest living u.s. presidents. >> people in southern alabama are cleaning up after or -- a tornado touched down christmas day. numerous homes were damaged or destroyed and several roads are covering -- are covered with debris. forecasters say the tornado was part of a line of severe storms that swept across the southeast. there have not been any reports of the injury or fatalities. >> your favorite cooking dishes may be a hazard. >> a doubt of every 10 americans homes experience incidents of glass coke were failing including pyrex product. >> i look at the weather from across the country. >> our storm will be winding down. we have another one in the seven-day forecast. here's a look outside. 37 at the airport. weather is next. >> a old were city father says he accidentally dropped his
arrived in japan today becoming the first vessel to successfully test a new trade route through arctic waters. it opened up due to shrinking ice. it shaved nearly three weeks of its time. in september researchers of nasa announced the coverage retreated to its lowest level since recoffereds began in 1979. the route is open four months of the year. >> put down the cell phone and the sandwich if you are in south dakota. they report that there is a top new ban on distracted banning. it makes texting while drivers is a primary offense but you can get that ticket if you are eating, rearding the paper, or putting on make-up while driving. >> would you pay for cough sfee with plastic or cash? now you have the option to pay with steel. >> you're going to hear about that at starbucks. that story coming up in consumer alert. >> a special christmas for a special soldier and his family. that story coming up. >> showers coming you have a the great lakes and a sign that colder air is moving into the atlanta. it is 51 degrees and 56 >> coming up at 6:00 they plan to repeal fema's decision to deny ass
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currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were going to say we're going to pass a deal with the majority of republicans and the majority of democrats in the
. >>> it appears another remnant of japan's tsunami has washed to the coast. trying to figure out where it came from. officials say, two species of mussels attached to the boat are not native to hawaii. >>> it took just 15 days, but the maker of the game, call of duty black ops ii says sales of the game have tops $1 billion. tivision, saysince its release, players have logged more than 150 million hours. the game is played on xbox live and the playstation network. >>> cal picks its next football coach. first, developing news as a body is discovered on a freeway off ramp. [ male announcer ] december is customer appreciation month at subway restaurants. saying thanks is a great deal because we're offering $2 six inch subs -- the cold cut combo or meatball marinara. $2 each, all december long. appreciation tastes amazing! hurry in for your $2 sub. subway. eat fresh. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get
in some cases. >>> it appears another remnant of japan's tsunami has washed to the coast. trying to figure out where it came from. officials say, two species of mussels attached to the boat are not native to hawaii. >>> it took just 15 days, but the maker of the game, call of duty black ops ii says sales of the game have tops $1 billion. the maker of the game, activision, says since its release, players have logged more than 150 million hours. the game is played on xbox live and the playstat [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gasping ] >>> we have some developing news now out of pleasant hill, where a homicide investigation is underway. we've learned that a body was found at the offramp of interstate 680 at concord avenue. we also spotted a person sitting in the back of a sheriff's car. homicide investigators have now on the scene. the incide
. >> that is china, incorporated. >> the korette su from the '80s from japan, it is a powerhouse and it will be more on the world economic scene as we move forward. >> you know, the job creators, the 2%, they laugh at us over there. >> they don't laugh, they look at us warily, i think is more probably more appropriate. they also are taking steps in their banking system, we should point out. they've bailed out any bank, depositors have never failed to get their money. but they're trying to put in a -- according to "the new york times," at least, a deposit guarantee system as well for the banking system. >> sounds like all systems go there. >> we'll see if this continues next week. meantime, we'll talk apple debuting the iphone 5 in china today. the iphone news isn't preventing apple shares from falling in the market. cutting the price target to $700 from $780. he does maintain a buy rating and said apple needs to expand more geographically. it's not dead, it's not -- but it needs to find ways to innovate its products. we sort of saw this coming. steve had a caution note on apple a few weeks ago which
. land slide victory for the conservatives in japan. you know what the conservatives stand for? unlimited easing stimulus. the new prime minister is back in again. increase defend spending. increase infrastructure spending in japan. that's why the asian markets were up overall. did you see what was going on in shanghai index? up another 0 .5%. finally, did you see the airline stocks? nice upgrade at a couple of the firms there, upgrading the airline indexes, moving the last several weeks on better news overall. minimal impact from hurricane sandy. so they upgraded the airline stocks today. the coal stocks up, too, on talk over in barron's that coal would be in much higher demand over in china. guys, back to you. >> thank you, bob. >> let's go over to the bonds and dollars. how are you? >> good morning, jim. well, interest rates, once again, have trickled a bit higher. if you look at it in the context where we've been, basically held the bottom of the range. the pivot, 1.60. we talked quite a bit about how 160 was an important level. we have built on that as we've distanced ourselves, a do
. the temperatures are expected to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said i
to plummet over the next two days. japan, the newly installed prime minister is taking a tour of the fukushima nuclear plant. a massive earthquake devastated the place in 2011. they are considering plans to phase-out the atomic energy altogether over the next several decades. spain, a flower in the face. it is the annual flower fight using eggs and firecrackers and flour. and it is a day marking the innocence, spain's equivalence of april fool's. it is this fox trip around the world in 80 seconds. >>> a french constitutional panel is saying goodbye to that country's staggering 75% tax rate on the wealthy. the panel has ruled the tax is unconstitutional and unfair. let me say it again. 75% on the wealthy. it was set to kick in at the start of 2013 and will hit anyone hitting a million euros. critics didn't like it. they said it would drive away france's wealthy population. joining me now on the phone from paris is katherine fields. she is a correspondent for global radio news. katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec r
in the united states and england and japan, zero interest rates, quantitative easing -- liz: would you short the rhode island y'all in brazil? >> i think they're probably going to be one of the weaker emerging market currencies in 2013. liz: what else would you start? >> i really don't like those currencies where you have, you know, political strife in combination with economic problems. and right now although i wouldn't want to short the euro outright, i think that that's certainly one you would want to avoid. those on the periphery let's say in central europe, perhaps, could be another currency that you would want to avoid. liz: go long the canadian dollar, long the south african rand. >> the worst currency of this coming year is the japanese yen. liz: yeah, it's fall, and the new leader says he is going to spend a lot, so that's going to go down. happy new year, michael. >> thank you, liz. liz: michael woolfolk, dow jones industrials holding on to gains of 117 points. closing bell in just 16 minutes. coming down to the wire as we approach the fiscal cliff. still without a solid deal in pl
, they don't have these same shoot problems. if you like at japan, they have the most vicious, violent video games of anybody, and they don't have these issues. they don't have a murder rate. >> guess what? tell your hollywood friends, we got hundreds of millions of guns on the street. we ain't japan, so you fight the war on the battlefield before you and the battlefield before us is there is easy access to guns. there will be easy access to guns regardless of what gun safety legislation. >> to parents while i still have control, because you lose it as they get older, don't let them do it. find something else. it's hard. it's easier said than done because a lot of kids sit there for hours and it's their baby-sitter, but no. >> steve, i understand that's not your position, but i'm hearing this a lot of from people in hollywood. no response. quentin tarantino was unbelievable incense it actisen. what a total jackass. left wingers say i want to -- there's a slippery slope on first amendment rights. >> it's always a mistake to do exactly what you want to do when in this kind of situation. you ha
packaged goods and asian fresh produce to japan, what's your take on the stock? >> yeah, i saw the change in management. and i've got to tell you, i continue to think it's a good story to hold. i know that people feel that somehow it's going to be magic. @jimcramer on twitter i immediately saw a ton of things about isn't this it, now that murdoch's returning to chairman and ceo? no. murdoch's a great businessman who's getting up in years. i think you own the stock because the business model's good. and i like fresh fruit. let's go to bob in california, please, bob. >> caller: boo-yah, jim. >> boo-yah, bob. >> caller: what's wrong with fan in it's down again today after their decent earnings report. is there a possible the new ceo's performance causing a wait and see attitude in spite a spectacular performance in sales and profits? unusual in many retail stocks to see many new store openings and healthy profits going on simultaneously. fran seems to be able to do it. >> i know. you know what? here's what we're going to do with fran, because i read the numbers, like you, i saw -- because i
-s had more than 91-hundred gun-related murders.compared to japan, which had just 11. and that may have something to do with the strict regulations the japanese government has in place. first off.handgun ownership is illegal.even holding a handgun, let alone firing one, is illegal and can get you one to 10 years in prison. the only type of gun you can legally own is a shotgun.and the process to buy one is complicated. you have to attend an all- day class and pass a written test. you also have to pass a shooting range class. then you have to take a mental test and drug test.which the police will have one file. then you have to pass a background check. and not only do you have to lock and store your gun.you have to tell the police exactly where in your home the gun will be. then the police will inspect the gun once per year.and you have to re-take that class and exam every three years. >>catherine: man is talking about the frightening scene inside a mall last week - when a gunman opened fire.killing two people. nick meli was at the clackamas town center with a friend and her four- month-
have been very strong. china has been strong. mandy, you know, japan has been strong, and the banks have been strong. to me there's an underlying strength to the market when some of the bodyguards have been doing well so i think the market wants to do better. that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospita
from places like singapore, finland, japan, and south korea just to name a few. the study follows the much talked about "new york times" column by nicholas chrisoff who visited the appalachian hills of kentucky and found run disturbing reasons why some of america's poorest children are illiterate. nick joins me now live from the "times" to explain. so you go to jackson, kentucky, and people are running literacy programs there but tlrl parents who don't want their kids to learn to read. it just defies all logic and all tradition here in the united states of wanting our kids to have a better life. what's going on? >> well, it's heartbreaking because there is, in effect, an incentive for parents to try to gain the system and have their kids be diagnosed with an intellectual disability because then they can get payments each month until that child turns 18 under the ssi system. and so, you know, there's no doubt that ssi support is a lifeline to many parents with kids who truly are disabled. but also, according to people there, there's no doubt that there are a lot of fuzzier cases wh
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in a museum in japan. the museum agreed to return it to italy after hammering out a joint custody agreement. >>> well, when we come back, the pictures that caught our attention. don't miss that. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ have led to an increase intands toclinical depression.re. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or p
card. they have a $7 cup of coffee that japan purchase. i am a junkie. every new store that they opened pulled in a million dollars in revenue. they have 1500 new cafes and one of their stores will open up a cafe one of their bathrooms. this is clearly a joke. >> they had a problem with the expansion about 34 years ago and they stated that it was due to locations. >> let's talk about mary kate and ashley and eggs. they have a $3,900 backpack. this person can carry your prescription pills some outside of it. maybe there are real. for $5,500-- >> there are only going to make 12 of these handbags for $5,500. >> here at the viewers e- mail we had something from ronald who stated what we invest in china? >> yes. they have a new premier coming up but the leader of the country and he has plans that he would not send a few weeks. >> i would not buy an individual company in china but a fund. >> good nose for the golden gate bridge all lands have open back up but as you look at the left center of your screen there is a stall in the back up northbound. though the recovery. i will have more and we
of competition. some from japan. many in cars being built in america in nonunion states by nonunion american workers. ever since that time consumers have voted for the competitors products. as long as you have a competitive that isn't all that much you have to do to raise costs for businesses. lori: it all sounds great and makes perfect sense, but you look at the pictures we see right now in the capital, union members serious about losing the right to work status. you wonder that volatility could have a ripple effect ultimately interceding the economy. >> probably not. a majority support this move by 10 to 15-point margin. we just had a ballot initiative in michigan to prevent the legislature from passing this exact kind of law. they defeated it by 15-point margin. the polls and election results show most michigan voters support what is going on. lori: thank you for your time and your analysis on this union issue. one i think we'l will stick arod for a while. melissa: breaking news now. delta stocks spiking on news that elder and virgin atlantic are coming to a deal. a stake currently held b
a pound. my wife from japan tracks those things very carefully. i'm very proud of her as a shopper, but i hear about it consistently. adam: keith, i'm adam shapiro. i want to know where do you get the figures that inflation is at 20%? give me where that comes from because that seems pretty pretty high to at least my ears. >> you bet. i think that if you look at a couple different sources. you can track it individually. you can look at what your health insurance premiums are doing, your education bills but y favorite site is something called shadow stats, they track cpi and it varies between 8, 10, 12 percent depending on which versions you use. because every administration seems to adjust those figures to proactively reflect and keep them down. and the government has every incentive to do that because cost of living increases are tied to that, military spending is tied to that, a lot of things are tied to cost of livings increases that are in fact tied to inflation. david: let's face it, the federal reserve has become a branch of the u.s. government essentially. it's supposed to be a pri
fidelity. now get 200 free trades when you open an account. dagen: japan's new prime minister vowing to tighten ties with the u.s. as he works to revive the economy. some worry he will pay little attention to funds needed for growth. how does that sound familiar. the japanese market light to the news. the nikkei trading higher today. let's take a look at the ten year treasury. a gauge of how much work the federal reserve is doing by those very treasuries. it is down a little bit today. four more on that, let's bring in chris aarons from ubs. fiscal cliff, what happens to interest rates long-term? >> over the short term, they will respond to the movement in the equity market. today, we are seeing a bit of a down movement. since august, bond yields have traded 155 2185. right now, they are sitting on a 200 day moving average. i think for now, we are waiting to see what happens in washington. dagen: there is so much of the burden put on the federal reserve. >> i agree. there is a cap on rates. one of the things they could do is cap rates to the purchase operation. dagen: you do not thin
or not we're going to bring out another one of our car lines from japan to produce at our factory in indiana. >> that sounds like a challenge to local politicians. what are you seeking for them to help you in that decision? >> we already have the fact in indiana so i'm not so sure. the biggest thing for us is making sure we get the appropriate air rights at the factory to make sure we can produce the number of cars that we can produce out there. >> you are the epitome of the japanese nate mare. this is for years what the japanese industry has warned about. if you don't control dollar/yen. if you don't keep the yen down relative to the dollar, we will lose jobs around the rest of the world. they wouldn't typically say to the united states but to lower cost producers. has the fed's ability to keep the dollar down influenced your decision or are you partly here because of q/e from the feds? >> there's no question about it. there's tremendous pressure on profitability. and that requires us then to rethink how we're manufacturing cars because if they're manufactured over in japan obviously we hav
-efficient engine, but it's not from japan. it's a car like no other... from a place like no other. introducing the all-new 2013 chevrolet malibu, our greatest malibu ever. ♪ >>> producer john tower, we have our replacements for fiscal cliff. please only read the clean ones. >> jason writes, money boo boo. calvin, pricey precipice. i like this one. allen, monetary manhole. >> monetary manhole. we're getting stripper names and other categories we don't want to get into. great show, everyone. "morning joe" starts right now. > ♪ and i'm free ♪ free falling >>> you know, it's a special time of the year. we've been looking forward to it for months now. and everywhere you go, you can see the twinkle in little children's eyes because they know that in just a few short weeks, ♪ the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >
into intensifying nationalism. there could be military clashes any day between china and japan of violence. the whole region is becoming more tense. after we leave afghanistan, i think the problems in the region will slide northward to central asia. that will involve in different ways china, russia and india. we have a crisis on our hands in syria. we have pressures to go to war against iran. these are the kind of issues that really need attentive leadership from the secretary of state that is intensely interested in them and has the kind of experience and global background that is needed for that kind of job. >> i just want to add to the list the recent north korea missile test, rocket test, aka, a missile test, and the close collaboration between north korea and iran. iran is pretty advanced on miniaturizing nuclear warheads. and north korea is very advanced on missiles. and if that collaboration continues, we may have a very serious confrontation. >> and so there's no island of stability out there in this from north korea all the way into africa. and a lot of the intel people say that t
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